Canada’s millennials outnumber baby boomers for first time since 1958, says Statistics Canada

Canada. Image credit: Unsplash/Philippe Leone

Canada has more millennials than baby boomers, Statistics Canada reportedly says, ending the 65-year reign of the post-Second World War generation as the largest cohort in the population.

Although the country’s population aging continues, it was slowed by the increase in permanent and temporary immigration observed in 2022 and 2023.

Although many recent immigrants are on average younger than the rest of the Canadian population, the average age of the Canadian population fell slightly from July 1, 2022, to July 1, 2023 since 1958.

However, the number and proportion of people aged 65 years and older have continued to rise, driven by the aging of the large baby boomer cohorts.

The change in Canada’s population estimate for July 1, 2023, Statistics Canada’s today’s release said by brreaking down by age and gender.

Statistics Canada said there has been an increase in the number as well as proportion of people aged 65 years and older.

Statistics Canada added that while the share of millennials and generation Z is increasing, the reverse is true for baby boomers and generation X.

Those trends have led to the positive increase in the share of the 2023’s working-age population after steadily declining over the previous 15 years.